not playing around
January 5, 2014 8:50 PM Subscribe
How do I pay taxes on the game show winnings I received?
posted by anonymous to Work & Money (17 answers total) 1 user marked this as a favorite
I won about $15,000 on a game show in the US. The producers had mentioned having to pay taxes within a month of receipt and suggested consulting with a tax accountant. Knowledgeable relatives have told me that spending money to see a tax accountant would be a waste of money. But how do I pay the taxes? Is it possible that I can just report this as income come April? Or does it really have to be done immediately? I don't believe I received a reporting form at any point. If my bracket matters, my total income for 2013 including these winnings will have been somewhere in the realm of $30,000. Everything I can find online is all "surprise, you have to pay taxes on prizes won!" which is not relevant to my situation.